199
199
Nov 24, 2012
11/12
by
KPIX
tv
eye 199
favorite 0
quote 0
. >>> the democrats and super majority are in san francisco and they say they're not going to raise taxes. so what is next? >> i'm not spending 130 million- dollar to make sure that prep 32 did not pass. they're going to look to flex their muscles. >>> a new police chief in south basement what do citizens need to do to keep their cities safe? that will be on eyewitness news starting 7:30. >> we're talking about a lovely forecast that will be remaining for another day or so. >> it seems like it will be hear for the next couple days. for today nice. 72 in santa rosa. 68 in the city. in san jose, 71 today. it will be a beautiful saturday. get out and enjoy it. and we'll see you tomorrow morning. >> you know, there are some ice skating risks open in the bay area right now if you want to partake in that. one of them is by union square. and we have a look at their treat. the 23rd and great tree lighting ceremony took place last night. entertaining the crowds last night, singers from the make-a- wish foundation and the san francisco school of the arts. hundreds of people came out to see the tree
. >>> the democrats and super majority are in san francisco and they say they're not going to raise taxes. so what is next? >> i'm not spending 130 million- dollar to make sure that prep 32 did not pass. they're going to look to flex their muscles. >>> a new police chief in south basement what do citizens need to do to keep their cities safe? that will be on eyewitness news starting 7:30. >> we're talking about a lovely forecast that will be remaining for another...
216
216
Nov 27, 2012
11/12
by
KPIX
tv
eye 216
favorite 0
quote 0
revenue, but that doesn't mean they support raising tax rates for the wealthy. they support instead, scott, limiting tax deductions for the rich. >> pelley: nancy, thank you. let's run to the other end of pennsylvania avenue where we find chief white house correspondent major garrett. major, what's going on there? >> reporter: scott, the president has asked tim geithner to lead up his fiscal cliff negotiations with congressional republicans. that's a nod to republicans because they prefer geithner over the president's chief of staff jack lew who republicans believe is stridently opposed to big changes to health care entitlements like medicare and medicaid. white house officials insist though geithner will be in the lead, jack lew won't be far from the fiscal cliff talks. >> pelley: major, what is the white house willing to put on the negotiating table? >> scott, just about everything except social security. the president argues that social security is not driving the deficit problem. it has solvency issues of its own but the president wants those dealt with down
revenue, but that doesn't mean they support raising tax rates for the wealthy. they support instead, scott, limiting tax deductions for the rich. >> pelley: nancy, thank you. let's run to the other end of pennsylvania avenue where we find chief white house correspondent major garrett. major, what's going on there? >> reporter: scott, the president has asked tim geithner to lead up his fiscal cliff negotiations with congressional republicans. that's a nod to republicans because they...
182
182
Nov 28, 2012
11/12
by
KPIX
tv
eye 182
favorite 0
quote 0
will the tax deduction for your mortgage be sacrificed to fix the federal budget? nancy cordes and dean reynolds look at the proposals. elizabeth palmer shows us what a dictatorship doesn't want you to see: the ruin of a nation in civil war. and africa's mighty elephants are slaughtered for their tusks. so who's buying that illegal ivory? holly williams shows us in a hidden camera investigation. >> oh, wow. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. today susan rice had high hopes for what might have been the most important diplomatic mission of her career so far. but the u.s. ambassador to the united nations' attempt to reach agreement with republican senators today failed. rice is a favorite of the president's to be nominated as secretary of state to replace hillary clinton. if he does nominate race, she would have to be approved by the senate. margaret brennan is covering for us tonight. margaret? >> reporter: good evening, scott. ambassador rice asked for the meetings on capitol hill today in hopes of
will the tax deduction for your mortgage be sacrificed to fix the federal budget? nancy cordes and dean reynolds look at the proposals. elizabeth palmer shows us what a dictatorship doesn't want you to see: the ruin of a nation in civil war. and africa's mighty elephants are slaughtered for their tusks. so who's buying that illegal ivory? holly williams shows us in a hidden camera investigation. >> oh, wow. captioning sponsored by cbs this is the "cbs evening news" with scott...
172
172
Nov 26, 2012
11/12
by
KPIX
tv
eye 172
favorite 0
quote 0
. >> i would be very much opposed to raising tax rates. but i do believe we can close a lot of loopholes. >> reporter: and democrats say just closing loopholes and cutting deductions isn't enough. >> you've got to raise additional revenues, including tax rates on the wealthy. >> those have to go up? >> they have to go up. >> reporter: in any deal, republicans insist on big cuts to entitlement programs like medicare and social security. now taxes are getting all the attention right now but these talks also need to address the federal debt limit. it's set by law at $16.4 trillion. the nation is already approaching the national debt of $16.3 trillion. nobody wants a repeat of that summer standoff we went through last year. >> certainly so. susan mcginness in washington this morning, thank you so much. >>> while washington is worried about the fiscal cliff it appears the average american is looking to spend. the holiday shopping season got started in record fashion thanksgiving night and the spending spree lasted through the weekend. according
. >> i would be very much opposed to raising tax rates. but i do believe we can close a lot of loopholes. >> reporter: and democrats say just closing loopholes and cutting deductions isn't enough. >> you've got to raise additional revenues, including tax rates on the wealthy. >> those have to go up? >> they have to go up. >> reporter: in any deal, republicans insist on big cuts to entitlement programs like medicare and social security. now taxes are getting...
174
174
Nov 21, 2012
11/12
by
KPIX
tv
eye 174
favorite 0
quote 0
the tax money, he said, could come from reducing deductions. >> we collect $2.2 trillion in taxes but we give away half of it in credits and deductions. >> pelley: the mortgage deduction for example... >> oh there are all kinds. >> pelley: ...charitable deductions. >> there were like 169 different ones used in, i don't know, 2008 or 2009, somewhere in there. >> pelley: but when republicans say "we will not allow tax rates to be increased" you say what? >> well, that's where you start to get into the-- i guess the word parsing that i said one of my other warnings from simpson- bowles is that i'm not a political savant. so some of this stuff i just don't quite get. but the fact is you need more revenue. >> pelley: when it comes to cutting the budget, where does that money come from? >> the big nut is going to have to be medicare/medicaid. and even though people don't want to talk about it... >> pelley: you're not a politician, are you? >> ( laughs ) no. you can't avoid the topic. especially with the baby boomer generation retiring. it will literally crush the system. >> pelley: cote tol
the tax money, he said, could come from reducing deductions. >> we collect $2.2 trillion in taxes but we give away half of it in credits and deductions. >> pelley: the mortgage deduction for example... >> oh there are all kinds. >> pelley: ...charitable deductions. >> there were like 169 different ones used in, i don't know, 2008 or 2009, somewhere in there. >> pelley: but when republicans say "we will not allow tax rates to be increased" you say...
141
141
Nov 28, 2012
11/12
by
KPIX
tv
eye 141
favorite 0
quote 0
the federal government takes off 25% in taxes. then depending on where you live there's state and city taxes. if you don't see me in this seat tomorrow it's because i hit it. if you don't see me or ashley morrison tomorrow it's because we're halfway to a caribbean destination sipping on cocktails. ashley morrison has moneywatch this morning. am i telling the truth here? >> i would have two tickets to paradise so quickly. you have no idea, we would be out of here. good morning. lack of progress on fiscal cliff talks in the u.s. sent asian markets lower this morning. tokyo's nikkei loss more than 1% hitting a one week low while the hang seng fell half of a percent. the deficit reduction talks weighed on wall street. the dow lost 9 points while the nasdaq gave up 9 points. brick-and-mortar sales reported increased sales to kick off the holiday shopping season. home prices in most major american cities are on the rise. a survey showed prices rose 3% in september. the bangladesh garment factory where 112 people were killed produced clo
the federal government takes off 25% in taxes. then depending on where you live there's state and city taxes. if you don't see me in this seat tomorrow it's because i hit it. if you don't see me or ashley morrison tomorrow it's because we're halfway to a caribbean destination sipping on cocktails. ashley morrison has moneywatch this morning. am i telling the truth here? >> i would have two tickets to paradise so quickly. you have no idea, we would be out of here. good morning. lack of...
275
275
Nov 22, 2012
11/12
by
KPIX
tv
eye 275
favorite 0
quote 0
on the rich and the republican proposal to get rid of tax loopholes. bowles/simpson would eliminate almost every tax deduction for individuals and corporations, with only a few exceptions for charity donations and home mortgage interests. >> this stuff goes to the wealthiest people in america. 20% of the american people use 80% of that stuff. >> we have $1.1 trillion of loopholes, of back door spending in the tax code. >> reporter: $1.1 trillion? >> annual. and that's what we said: "let's start with a plan that wipes those out." >> reporter: their plan also called for deep spending cuts-- $200 billion a year-- and streamline both the pentagon and the federal bureaucracy. medicare and social security over time would reduce benefits give on the higher income families. your big message here is social security and medicare have to be on the table. there's no choice. >> i think most people understand that medicare has to be part of the deal. and most people believe today that you ought to do social security on a parallel track. >> reporter: both men blame t
on the rich and the republican proposal to get rid of tax loopholes. bowles/simpson would eliminate almost every tax deduction for individuals and corporations, with only a few exceptions for charity donations and home mortgage interests. >> this stuff goes to the wealthiest people in america. 20% of the american people use 80% of that stuff. >> we have $1.1 trillion of loopholes, of back door spending in the tax code. >> reporter: $1.1 trillion? >> annual. and that's...
170
170
Nov 29, 2012
11/12
by
KPIX
tv
eye 170
favorite 0
quote 0
scares of automatic spending cuts and tax increases could take effect january 1st. democrats moved by president obama and congressional republicans signaled they are willing to compromise on changing tax rates and spending reductions but the negotiations are moving very, very slowly. susan mcginnis is in washington with the latest. susan, good morning to you. >> reporter: good morning. the president is sending his top two negotiators to talk with lawmakers today about possible spending cuts. he's also getting ready to take his fiscal cliff message on the road. he'll try to convince the american people the best way to avoid the fiscal cliff is to extend the bush era tax cuts for the middle class. >> it's too important for washington to screw this up. >> reporter: president obama is putting pressure on congressional republicans and he's enlisting middle class americans in getting the gop to take action on taxes. >> when the american people speak loudly enough, lo and behold congress listens. >> reporter: tomorrow he'll host a campaign style event where he calls on law
scares of automatic spending cuts and tax increases could take effect january 1st. democrats moved by president obama and congressional republicans signaled they are willing to compromise on changing tax rates and spending reductions but the negotiations are moving very, very slowly. susan mcginnis is in washington with the latest. susan, good morning to you. >> reporter: good morning. the president is sending his top two negotiators to talk with lawmakers today about possible spending...
173
173
Nov 26, 2012
11/12
by
KPIX
tv
eye 173
favorite 0
quote 0
lame duck congress returns this week with barely a month left to avoid the fiscal cliff of mandatory tax hikes and spending cuts. retiring senator joe lieberman today lamented the lack of bipartisanship on capitol hill. >> in my opinion the last two years, 2011-12 have been the least productive and most partisan and uncompromising in my 24 years here. the public seemed outraged at the status quo that produced so little. >> glor: newly elected senator angus king is vowing to help break the logjam by doing what so many others in congress will not, compromise. chip reid caught up with king on the streets of maine. >> if somebody comes to you and says i'm not going to compromise, what they're really saying is i have 100 percent of the truth. i'm 100% right. >> reporter: angus king says he's 100% certain of only one thing. that neither the democrats nor the republicans are always right. that is why when he takes his seat in january as the new senator from maine he will be doing it as an independent. >> the people are absolutely fed up with this nonsense. they have had it with washington not b
lame duck congress returns this week with barely a month left to avoid the fiscal cliff of mandatory tax hikes and spending cuts. retiring senator joe lieberman today lamented the lack of bipartisanship on capitol hill. >> in my opinion the last two years, 2011-12 have been the least productive and most partisan and uncompromising in my 24 years here. the public seemed outraged at the status quo that produced so little. >> glor: newly elected senator angus king is vowing to help...
231
231
Nov 25, 2012
11/12
by
KPIX
tv
eye 231
favorite 0
quote 0
c.e.o.s don't like to come to government because they have to give out all the stuff they have, those taxes. those are the people i think that want to help their country. the country has been so good to them. arlet them try to figure out how to get our country moving again. >> and i think obama has to realize the moment. for a re-elected president there is so much good will out there, even among his opponents. now, we had an election which i think was decided but not decisive. there were, what, 57 million people who voted for romney. and there is a way that obama can kind of step forward and say, "these are the ideas. this is the method we're going to do this." he can-- i mean, you know, you talk to this man-- i mean, you don't get to talk to the people you write about. i get to talk to obama and say, "why did you do this? what happened here?" and he has good answers. he equips himself very well, and he needs to say, this is the theory of the case. this is how we're going to work this out. and the capacity and the good will with there. >> he said-- he's-- his best speech ever, i thought, wa
c.e.o.s don't like to come to government because they have to give out all the stuff they have, those taxes. those are the people i think that want to help their country. the country has been so good to them. arlet them try to figure out how to get our country moving again. >> and i think obama has to realize the moment. for a re-elected president there is so much good will out there, even among his opponents. now, we had an election which i think was decided but not decisive. there were,...
546
546
Nov 29, 2012
11/12
by
KPIX
tv
eye 546
favorite 0
quote 0
increase.complicity and tax rate theyease. sted.hey're not interested. >> you're not going to grow the ou raiseif you raise tax rates on the top two rates. smalll hurt small businesses. econill hurt our economy. approach.y this is not the right r: toach. anythis impasse is one of many geithnerreasury secretary tim geithner, mr. obama's lead with t negotiator, will have meetings e bowlesth top congressional thisrs. othpson bowles met with all the ue.yers at both ends of 'mnnsylvania avenue. >> i'm not more optimistic or less optimistic. puthopeful but don't put me e nearnywhere near the optimistic category. tove got a long way to go and a likefew days to get it done. >> lindsey graham from south carolina have offered to break a revenueax increase pledge and ntise revenue as part of a deal but graham now is pulling back until the president offers ntitlement reform. a i've not seen one deal from country downouse that deal with medicare, medicaid and social security which are all going to fail and take this country down the road o
increase.complicity and tax rate theyease. sted.hey're not interested. >> you're not going to grow the ou raiseif you raise tax rates on the top two rates. smalll hurt small businesses. econill hurt our economy. approach.y this is not the right r: toach. anythis impasse is one of many geithnerreasury secretary tim geithner, mr. obama's lead with t negotiator, will have meetings e bowlesth top congressional thisrs. othpson bowles met with all the ue.yers at both ends of 'mnnsylvania...
369
369
Nov 21, 2012
11/12
by
KPIX
tv
eye 369
favorite 0
quote 0
then you have a conversation about -- not about raising taxes, but then about cutting taxes. they will have already gone up. the question is whether the president has a great deal more leverage. he basically then is able to say it's because the republicans were too stuck that they went up in in the first place. so there is an argument for actually -- because the cliff isn't an actual cliff. because nothing will happen the day after that is catastrophic there's an argument for actually maybe letting this happen. the president gets even more leverage. >> there's talk about trying to do two things in two phases protect the middle class and let the rest of the stuff go over the cliff for maximum pressure. john dickerson, thank you. >>> slowing down air travelers across the country. nearly 100 flights were canceled this morning at chicago's main airport, o'hare and midway. more than 400 other flights were delayed for an average of 90 minutes. both airports support near zero visibility and they warned that problems could last into the afternoon. that threatens to create a domino ef
then you have a conversation about -- not about raising taxes, but then about cutting taxes. they will have already gone up. the question is whether the president has a great deal more leverage. he basically then is able to say it's because the republicans were too stuck that they went up in in the first place. so there is an argument for actually -- because the cliff isn't an actual cliff. because nothing will happen the day after that is catastrophic there's an argument for actually maybe...
430
430
Nov 24, 2012
11/12
by
KPIX
tv
eye 430
favorite 0
quote 0
airline tickets are taxed at a high rate. sometimes the taxes are more expensive than the fare. going to a la cart fees they are saving more money. that's why they are doing it. why? because some airlines are having the cost of the food is more than the ticket because they have to pay less in taxes. >> this makes it almost impossible to shop around for a good ticket you buy your ticket, do your due diligence and then when you go to the airport you find to get a seat that's not by a bathroom in the back in the middle you have to pay 30 50, 75. >> no you don't. first of all is stand by. book the first flight of the day and then even if you can't make that flight you're in much better to fly stand by at no extra charge. the seats? the premium seats are a joke. why? because if you go on the website the only seats are available are on the back of plane. airlines hold back 30% of their seats. call them. they are selling premium seats. you know what the definition of a premium seat? 15 e a middle seat is sold in the premium seat. why? because you can smell the cookies in first class bu
airline tickets are taxed at a high rate. sometimes the taxes are more expensive than the fare. going to a la cart fees they are saving more money. that's why they are doing it. why? because some airlines are having the cost of the food is more than the ticket because they have to pay less in taxes. >> this makes it almost impossible to shop around for a good ticket you buy your ticket, do your due diligence and then when you go to the airport you find to get a seat that's not by a...
189
189
Nov 24, 2012
11/12
by
KPIX
tv
eye 189
favorite 0
quote 0
supermajorities and that could have a huge effect on issues like same-sex marriage, how much you pay in taxes, and how schools are funded. so we are seeing a big divide here, liz. >> thank you. >>> an inmate serving five years in a northern california prison got a free pass for a few hours to attend his sister's wedding. cbs reporter ben sosenko asked the sheriff why. >> reporter: edward was supposed to be locked up at jail for five years. what allowed him to be let out for a couple of hours? it was a heartfelt letter written by his sister. nothing was going to keep edward from his sister's wedding not even time in the slammer. >> you know, i have kind of a heart, you know, i guess. >> reporter: calaveras county sheriff gary coons was touched when he read the letter explaining a wedding day promise. >> when her father died,er brother promised her to walk her down the aisle. >> reporter: not on easy promise to fulfill seeing his sister make life long vows in the middle of a five-year sentence on drug and gun conviction. >> i looked out and thought about it for a while and, you know, i figured,
supermajorities and that could have a huge effect on issues like same-sex marriage, how much you pay in taxes, and how schools are funded. so we are seeing a big divide here, liz. >> thank you. >>> an inmate serving five years in a northern california prison got a free pass for a few hours to attend his sister's wedding. cbs reporter ben sosenko asked the sheriff why. >> reporter: edward was supposed to be locked up at jail for five years. what allowed him to be let out for...
507
507
Nov 22, 2012
11/12
by
KPIX
tv
eye 507
favorite 0
quote 0
their plan was a mixture of the president's call for higher taxes, plus the republican call for tax reform and lower deductions. in medicare and social security bowles and simpson say the nation has no choice but to cut future benefits for those earning high incomes. we spoke to both men in washington. >> right now the president is under pressure not to touch social security and medicare. >> of course. so don't touch it. let's just let the damn thing rock along, grab your shorts you know get ready for the fun. >> let them go broke. >> let them go. >> if we don't touch them if we just take them off the table, you know what's going to happen? you know? we're not going to be able to spend money on whatever else it is you love. >> we asked both bowles and simpson if they were encouraged by at least the tone of compromise coming from congress and the president. >> based on what you see at the white house right now, are you optimistic or not? >> i'm not. no. somehow the word compromise means you're a wimp. how did we ever get to that point in america? >> optimistic or not? >> i'm not optimistic,
their plan was a mixture of the president's call for higher taxes, plus the republican call for tax reform and lower deductions. in medicare and social security bowles and simpson say the nation has no choice but to cut future benefits for those earning high incomes. we spoke to both men in washington. >> right now the president is under pressure not to touch social security and medicare. >> of course. so don't touch it. let's just let the damn thing rock along, grab your shorts you...